Is Edmonds, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Edmonds has remained a Seller's Market.
Key Takeaway
Edmonds is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Edmonds, WA
How much do homes in Edmonds, WA cost?
Median Sold Price
$816,343
$456/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Edmonds have sold for 8.8% less than they did a year ago.
Summary: The median home sold price in Edmonds was $816,343 in November 2023, down 8.8% from last year, and the median price per square foot was $456.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $483K | $402K | -16.8% |
| 2 Bedrooms | $582.5K | $610K | +4.7% |
| 3 Bedrooms | $880K | $760K | -13.6% |
| 4 Bedrooms | $1.1M | $970K | -18.5% |
| 5+ Bedrooms | $1.4M | $1.3M | -7.1% |
Summary: Edmonds housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 16.8%, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Lynnwood | $726.2K | $732.5K | +0.9% |
| Shoreline | $823.2K | $773K | -6.1% |
| Edmonds | $894.9K | $816.3K | -8.8% |
| Mountlake Terrace | $704.6K | $630K | -10.6% |
Housing Supply in Edmonds, WA
How many homes are available in Edmonds, WA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 160 | 151 | -5.6% |
Summary: The Edmonds real estate market had 151 homes for sale in November 2023, a 5.6% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 41 | 39 | -4.9% |
| 3 Bedrooms | 56 | 46 | -17.9% |
| 4 Bedrooms | 39 | 42 | +7.7% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The Edmonds housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 57 | 47 | -17.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edmonds, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Edmonds in November 2023, down by 17.5% month-over-month. Of the 47 sold homes, 49% were sold under asking, 23% were sold at asking, and 28% were sold over asking.
Days on Market for Edmonds, WA
How long does it take to sell a home in Edmonds, WA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 24 Days | 26 Days | +9.1% |
Summary: Homes in Edmonds had an average of 26 days on market in Nov 2023, up by 9.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edmonds are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 47 homes were sold in Edmonds; 66% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2023 Northwest MLS. All rights reserved.